Global funds line up to invest in L&T Infrastructure Development Projects: Singapore's Temasek, Abu Dhabi-headquartered Mubadala Development Corporation, and Malaysia government's investment vehicle Khazanah have put in formal bids for investing in L&T Infrastructure Development Projects (L&T IDPL), the infrastructure development arm of engineering major Larsen & Toubro. (The Economic Times)

Actis in talks with Tesco, 7-Eleven for Nilgiris stake sale: Taking advantage of the government’s move to open the retail sector to foreign players, private equity major Actis has opened talks with global retail biggies such as 7-Eleven, Lawson and Tesco to sell its 40 per cent stake in South India-based retail company, Nilgiris. (Business Standard)

MindTree eyes deals in BFSI, travel: Bangalore-based MindTree is pursuing deals valued at $25 million in the remaining two quarters of 2013 fiscal.“We are pursuing 6-7 large deals that are in the range of $25 million in verticals like manufacturing, BFSI and travel,” said Rostov Ravanan, CFO of MindTree. These deals are important for MindTree as the management has lowered its guidance for fiscal 2013 from the earlier 11-14 per cent to less than 11 per cent as it sees continued delays in decision-making amongst clients in developed markets. (Business Line)

2 oil marketing firms eye stake in Nagarjuna refinery: Nagarjuna Oil Corporation Ltd (NOCL) is likely to take on a new partner to implement the 12-million tonne refinery coming up in Tamil Nadu, near Cuddalore. State-owned oil marketing companies are conducting a due diligence to take a stake in the project, expected to be commissioned in April-July 2014 when 6 million tonnes of refining capacity will go on stream in the first phase. (Business Line)

NSL Renewable confident of raising $100M by March: NSL Renewable Power, part of the Hyderabad-based NSL group, is confident of raising $100 million of equity by March 2013, the Chief Executive Officer, Sanjay Chaturvedi, told Business Line today.Term sheets have been signed for $50 million and the deal(s) could be closed within two months, he said. (Business Line)

Temasek in talks to invest Rs 600Cr in Godrej Agrovet: Temasek, an Asia-focused investment firm based in Singapore, is in talks to invest around Rs 600 crore in Godrej Agrovet Limited. The deal when complete will give Temasek an approximately 20% stake in the Mumbaibased diversified agribusiness company, said a person with direct knowledge of the ongoing negotiations.A part of the proposed funding will be used by Godrej Agrovet to acquire new companies and intensify research and development, said another person close to the company. (The Economic Times)


Sun-Apollo to invest up to $50M in Sobha Developers: Private equity firm Sun-Apollo will invest up to $50 million in projects developed by Indian real estate company Sobha Developers, sources with direct knowledge of the matter told Reuters. The investment will be on a project basis, and Sun-Apollo will invest 20-25 per cent of its commitment in the first project, one of the sources said. Executives at Sobha and Sun-Apollo could not immediately be reached for comment.

Hinduja Global will continue to seek buyouts, says CFO: Business Process Outsourcing (BPO) services provider Hinduja Global Solutions will continue to seek acquisition opportunities in areas like healthcare, human resource management, says chief financial officer Srinivas Palakodeti.The company, directly or through subsidiaries, has already acquired four companies in the last two years, which include UK-based customer relationship management company Careline Services, Mumbai-based HCCA Business Services and Canada's On-Line Support Inc. (Moneycontrol)

HCG in talks with PE giants to raise $100M: Healthcare Global Enterprises (HCG), a leading cancer care network and a recent business case study at Harvard, has held talks with private equity bigwigs Temasek Holdings, Kohlberg Kravis Roberts & Co and others to raise $100 million, or roughly Rs 530 crore, said people briefed on the matter. (The Times of India)

Courtesy: VCCEdge

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